Jerry recently started working for a company that pays him an

annual salary of $42,000 and is paid monthly. How much

should his net monthly paycheck be after the following are

deducted?

• Social Security (6.2%)

• Medicare (1.2%)

• State Income Tax (3%)

• Federal Income Tax (14%)

• Health Insurance costs ($80 per month)

a. $2,625.78 c. $3095.20

b. $2,566.00 d. $3420

Question

Guest

Mathematics

1 June, 09:40

Jerry recently started working for a company that pays him an

annual salary of $42,000 and is paid monthly. How much

should his net monthly paycheck be after the following are

deducted?

• Social Security (6.2%)

• Medicare (1.2%)

• State Income Tax (3%)

• Federal Income Tax (14%)

• Health Insurance costs ($80 per month)

a. $2,625.78 c. $3095.20

b. $2,566.00 d. $3420

+4

Answers (2)

Know the Answer?

Jagger Barry · Answer 1

C should be the answer

Averi Terry · Answer 2

The correct answer is b, $2566.00.

Step-by-step explanation:

When you subtract each percentage from $3500 (the monthly payment amount) found from dividing $42,000 by 12 months. You get a net payment of $2566.00 after deductions.